Minister Gigaba Stated That A “Balanced Approach Is Being Taken” to the Development of Bitcoin and Cryptocurrency Regulations

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The South Africa’s emerging cryptocurrency economy Finance Minister Gigaba has revealed many of the government’s intentions. The positions regarding cryptocurrency legislation.

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“As noted, the relevant authorities continue to monitor and assess the use of virtual currencies and consult with private sector stakeholders in this regard. Further guidance or regulations may be issued, should the need arise,” The cryptocurrencies and to deal with fast-emerging fintech matters in the financial of the sector.
Source -- https://news.bitcoin.com/south-africa-to-take-balanced-approach-to-bitcoin-and-cryptocurrency